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Airborne survey confirms potential of Mkango’s Thambani licence

12th July 2016

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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JOHANNESBURG (miningweekly.com) – TSX-V- and Aim-listed Mkango Resources on Tuesday expressed its satisfaction with the results of an airborne geophysical survey spanning about two-thirds of its Thambani prospecting licence in Malawi.

The survey, which formed part of a $25-million World Bank-funded nationwide high-resolution airborne geophysical programme, had now confirmed significant radiometric and magnetic anomalies in the region.

The airborne geophysical component of the project comprised high-resolution airborne geophysics flown at 250 m spacing; uranium, potassium and thorium radiometric surveys; magnetic and gravity surveys; and raw data production.

“We are very excited with the results of the airborne survey, which further confirms significant potential for uranium, niobium, tantalum and other minerals in the Thambani licence,” said Mkango CEO William Dawes in a statement.

The survey had also covered Mkango’s other exploration licence in Malawi, Phalombe, which the company was in the process of reviewing.

An update would be provided in due course, he said.

Edited by Creamer Media Reporter

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